Which of the following statements about income distribution in the United States is NOT true?
A) Over the past several decades, the rich have grown richer.
B) Over the past several decades, the middle class has grown faster than other classes.
C) Over the past several decades, the poor have remained poor.
D) The top 20 percent of earners capture over 50 percent of all income.
E) The top five percent of American earners get nearly 22 percent of the country's adjusted gross income.
B
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All of the data for the income statement are obtained from the Income Statement columns of the work sheet
Indicate whether the statement is true or false
Blue Bull Inc uses direct labor hours to allocate variable and fixed overhead costs. Under which of the following circumstances would the base used to calculate the variable overhead rate be the same as that used for the fixed overhead rate?
A) When actual labor hours are the same as budgeted labor hours B) When standard indirect labor hours agree with standard direct labor hours C) In all circumstances the base used for each calculation is the same D) When the number of labor hours expected to be incurred for the period is the same as normal capacity direct labor hours
Chapman Products has a favorable materials usage variance. Which of the following would be the most likely reason for this variance?
A) The company under budgeted the quantity of material to be used for each unit. B) The company purchased material at a price for less than what was expected. C) The company's employees were less trained than expected. D) The company's machines were better maintained resulting in lower wastage of materials.
Identify five countries from which Boeing's 787 Dreamliner has suppliers
What will be an ideal response?